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[–] 4 points 7 months ago* (1 child)

Bitcoin is crashing because everything is crashing. Hardware has nothing to do with it. Bitcoin hasn't been mined with typical commercial hardware for over 5 years. They use ASIC's whose prices have been not been heavily impacted by AI investments as they can not be used for AI purposes.

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  • [–] 3 points 7 months ago*

    AI Hardware affects investments include like 600% rises in RAM in some areas which will affect node costs. Though bitcoin is probably most affected by rising utility costs, also driven by AI spending.

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